Mizuho Lowers Price Target on Nuance Communications (NUAN)
Research analysts at Mizuho cut their target price on shares of Nuance Communications (NASDAQ: NUAN) from $32.00 to $28.00 in a report released on Friday. The firm currently has a “buy” rating on the stock.
Shares of Nuance Communications opened at 23.10 on Friday. Nuance Communications has a one year low of $15.56 and a one year high of $31.15. The company has a market cap of $7.052 billion and a P/E ratio of 165.00.
Nuance Communications last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.01. The company’s quarterly revenue was up 25.8% on a year-over-year basis. On average, analysts predict that Nuance Communications will post $0.48 earnings per share next quarter.
Separately, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Nuance Communications in a research note to investors on Monday, March 5th. They set a “market perform” rating on the stock.
Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers around the world.